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Contractor and Freelancer Financial Services                  
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Worried about what effect being a contractor or freelancer will have on your mortgage?







Is a contractor Mortgage different?

Personal Protection Insurance

No. In terms of pricing a contractor mortgage is no different to any other.

However, what it different is the way lenders will access your application.

Rather than using traditional scoring methods a bespoke underwriting criteria is used. The reason this came about was when lenders realised that traditional accessing would disqualify most contractors.


Will my bank still offer me a mortgage?

Business Protection Insurance

Not necessarily.

Many lenders are not happy to provide a contractor mortgage, however a growing number of them will.

It's best to get advice from us before approaching a lender as we will be able to tell you what your chances are and what other options are available to you.


Will I qualify for a contractor mortgage?

How Much Insurance?

Every application is accessed on its own merits but the main considerations are:

- You must be in contract at the time of application
- You should be able to prove regular work with your industry
- New contractors ARE considered
- You can use your gross annual contracting rate as income


Make An Enquiry

Get help with your insurance worries.

It's important as a contractor or freelancer to get expert advice when thinking about your mortgage.


We have been dealing with Mortgage lenders for many years and can guide you and help you make the right decisions to ensure you get the mortgage you want.

Contact us
01202 378050

Contractor & Freelancer Financial Services is a trading style of Compass Wealth Management Consultants Limited

7 Acorn Business Park, Ling Road, Poole, Dorset BH12 4NZ 01202 378050

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